Vehicle training company collapses, leaving workers and students in lurch – Bendigo Advertiser

Liquidation

Vehicle training company collapses, leaving workers and students in lurch Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training…

DNA MONEY EXCLUSIVE: Competition Commission approval may be needed for buying rival company under IBC – Daily News & Analysis

Liquidation

A company bidding for a stressed asset in the same sector in which it is operating will now have to get the Competition Commission of India’s (CCI’s) approval ahead of finalisation of bids during insolvency process, sources said. This is a part of the latest round of amendments proposed by the government in the Insolvency…

Rising cost of phoenixing delivers $5 billion economic hit, Kelly O’Dwyer says – The Australian Financial Review

Bankruptcy

Phoenixing is costing the economy as much as $5 billion a year through unpaid wages, invoices and tax bills, a new report claims, as the Turnbull government intensifies its crackdown on dodgy company directors. The government’s Phoenix taskforce conducted about 340 reviews and audits in 2017-18, raising more than $270 million in tax liabilities and collecting…

REVEALED: Estranged husband of the New York socialite who fell down 27-story garbage chute to her death went … – Daily Mail

Bankruptcy

REVEALED: Estranged husband of the New York socialite who fell down 27-story garbage chute to her death went bankrupt after ‘running multi-million dollar Ponzi scheme’ the same year they filed for divorce The husband of the New York City socialite who was found dead in her luxury building’s trash compactor was accused of running a…

Bad home remedy – The Times

Bankruptcy

Ken owed 188,500 after personally guaranteeing the borrowings of a failed furniture business. He had no hope of repaying the debt from the 2,165 a month he now earns as a lorry driver, of which 952 goes on maintenance payments for his three children. They live with his ex-wife while Ken, who is 49, lives…